News Centre

CFTC Orders LMC Asset Management, Inc. To Pay $140,000 Civil Penalty For Forex Registration Violations

Date 18/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order settling charges that LMC Asset Management, Inc. (LMC) of Deerfield Beach, Fla., exercised discretionary trading authority over customers’ accounts in retail, leveraged foreign currency (forex) transactions, without being registered with the CFTC as a Commodity Trading Advisor (CTA).

DTCC Welcomes Trading On NYSE Liffe U.S. In Futures Contracts Based On The DTCC GCF Repo Index - DTCC GCF Repo Index Offers A Broad, Accurate Benchmark For Short-Term Interest Rates By Measuring Real Trades

Date 18/07/2012

The Depository Trust & Clearing Corporation (DTCC) welcomes the trading in futures contracts linked to its proprietary index, the DTCC GCF Repo IndexTM. The futures products began trading Monday, July 16 on NYSE Liffe U.S., the U.S. futures exchange of NYSE Euronext. Two-day volumes across US Treasury GCF Repo futures, MBS Repo futures and Agency GCF futures reached over 6,000 contracts traded. The DTCC GCF Repo Index brings greater liquidity and operational efficiency to the U.S. financing markets by allowing traders to hedge their interest rate exposure using the index as a benchmark which is linked to general collateral finance repurchase agreements (GCF Repos®).

Statement Before The Financial Stability Oversight Council - CFTC Chairman Gary Gensler

Date 18/07/2012

Good afternoon. With this week's anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), it is critical that we remember why President Obama and Congress came together to pass this historic law.

MGEX Announces Exchange Fee Incentives For New AJC Contract

Date 18/07/2012

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), announced the following exchange fees for the new Apple Juice Concentrate (AJC) futures and options contracts.

Federal Court In Missouri Orders Randall L. Stuckey And His Business Entities To Pay A $250,000 Penalty To Settle CFTC Forex Futures Fraud Action - In Related Criminal Action, Stuckey Sentenced To 36 Months Imprisonment

Date 18/07/2012

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on July 11, 2012, Judge Carol E. Jackson of the U.S. District Court for the Eastern District of Missouri entered a judgment imposing a $250,000 civil monetary penalty against defendants Randall L. Stuckey and his Missouri-based business entities, Stuckey Group, L.P., Stuckey Group II, L.P. and Oakwood Development Company, L.P. The order also imposes permanent trading and registration bans against the defendants. The order stems from a CFTC complaint filed on February 18, 2011, that charged the defendants with operating an illegal off-exchange foreign currency (forex) scheme (see CFTC Press Release 5990-11, February 22, 2011).

SIX Swiss Exchange's Bonds Quarterly Statistics: 2nd Quarter 2012

Date 18/07/2012

SEC Announces Deferred Prosecution Agreement With Amish Fund

Date 18/07/2012

The Securities and Exchange Commission today announced that a non-profit corporation that offers securities to fund mortgage and construction loans to young Amish families in Ohio will ensure that its investors receive more timely and accurate information under an agreement reached with the SEC.

ICAP Retail Bond – Close Of Offer Period

Date 18/07/2012

ICAP plc (IAP.L), the world’s leading interdealer broker and provider of post trade risk and information services, announces that the offer period for its 6 year fixed rate 5.5% corporate bond for retail investors, which began on July 12^th 2012, has now closed.

SunGard’s Valdi Solution Adds SaaS Access To The SIX Swiss Exchange Liquidnet Service

Date 18/07/2012

SunGard has extended its Software-as-a-Service (SaaS)*-based Valdi to connect to the SIX Swiss Exchange Liquidnet Service (SLS). As a non-displayed liquidity pool for block equity trading, SLS offers traders access to volumes that are not available on “lit” or visible order books of traditional stock exchanges and Multilateral Trading Facilities. This helps traders who want to buy or sell large blocks of shares find counterparties and execute their trades with no market impact to share prices and other trading activity. SLS currently supports French, German, Dutch, Swiss and UK equities. This will be soon extended to six additional European markets. SunGard’s hosted Valdi service for SLS helps firms access SLS easily and cost-effectively.

CFTC’s Division Of Market Oversight Issues Temporary No-Action Relief To Non-Clearing Swap Dealers To Comply With Large Trader Reporting Requirements For Physical Commodity Swaps And Swaptions - Swap Dealers That Are Not Clearing Members Must Be Fully Compliant With The Commission’s Reporting Requirements No Later Than 60 Days After The Commission’s Deadline For Entities To Apply To Be Registered As Swap Dealers

Date 18/07/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) today announced the issuance of temporary no-action relief for reporting by non-clearing member swap dealers under the CFTC’s large trader reporting requirements for physical commodity swaps and swaptions. This temporary relief is intended to provide sufficient time for non-clearing member swap dealers to transition to fully compliant reporting by 60 days after the Commission’s deadline for entities to apply to register as swap dealers. Any party relying on this relief must state that it is doing so in an e-mail to DMO: submissions@cftc.gov orSwapsLTR@cftc.gov, no later than the swap dealer registration application date.